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Credo Technology Group Holding (CRDO) stock forecast for 2024
Updated: April 17, 2024 (12:38)
Sector: TechnologyThe share price of Credo Technology Group Holding Ltd (CRDO) now
50/200 Day Moving Average: $21.52 / $18.07
This figure corresponds to the Average Price over the previous 50/200 days. For Credo Technology Group Holding stocks, the 50-day moving average is the resistance level today.
For Credo Technology Group Holding stocks, the 200-day moving average is the resistance level today.
Are you interested in Credo Technology Group Holding Ltd stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Credo Technology Group Holding stock price in 2024. How much will one Credo Technology Group Holding share be worth in 2024? Is it worth taking profit / loss on CRDO stock now or waiting? What are analysts' forecasts for Credo Technology Group Holding stock?
We forecast Credo Technology Group Holding stock performance using neural networks based on historical data on CRDO stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Credo Technology Group Holding Ltd stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Credo Technology Group Holding analysts is $26.27. Today 200 Day Moving Average is the support level (18.07 $). 50 Day Moving Average is the support level (21.52 $).
Historical and forecast chart of Credo Technology Group Holding Ltd stock
The chart below shows the historical price of Credo Technology Group Holding stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the CRDO stock price can be found in the table below.
Credo is an innovator in providing secure, high-speed connectivity solutions that deliver increased power and cost efficiency as data rates and associated bandwidth requirements grow exponentially across the entire data infrastructure market.
Credo Technology Group Holding (CRDO) Forecast for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
May | 19.74 | 19.07 | 20.95 | 8.97 % |
Jun | 19.18 | 18.29 | 20.07 | 8.87 % |
Jul | 18.71 | 18.29 | 19.86 | 7.91 % |
Aug | 18.83 | 17.91 | 19.79 | 9.51 % |
Sep | 19.29 | 18.80 | 20.22 | 7.02 % |
Oct | 19.74 | 18.83 | 20.67 | 8.94 % |
Nov | 19.47 | 18.80 | 20.55 | 8.49 % |
Dec | 18.82 | 18.50 | 19.21 | 3.68 % |
Credo Technology Group Holding information and performance
C/O MAPLES CORPORATE SERVICES, LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, KY
Market capitalization of the Credo Technology Group Holding Ltd is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of CRDO shares in the company outstanding by the market price of one share.
EBITDA of Credo Technology Group Holding is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Credo Technology Group Holding price target for 2024 by month
Target values for the price of one Credo Technology Group Holding share for May 2024.
In May, the Positive dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 8.968% volatility is expected.
Pessimistic target level: 19.07
Optimistic target level: 20.95
Target values for the price of one Credo Technology Group Holding share for Jun 2024.
In Jun, the Negative dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 8.869% volatility is expected.
Pessimistic target level: 18.29
Optimistic target level: 20.07
Target values for the price of one Credo Technology Group Holding share for Jul 2024.
In Jul, the Negative dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 7.913% volatility is expected.
Pessimistic target level: 18.29
Optimistic target level: 19.86
Target values for the price of one Credo Technology Group Holding share for Aug 2024.
In Aug, the Positive dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 9.513% volatility is expected.
Pessimistic target level: 17.91
Optimistic target level: 19.79
Target values for the price of one Credo Technology Group Holding share for Sep 2024.
In Sep, the Positive dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 7.023% volatility is expected.
Pessimistic target level: 18.80
Optimistic target level: 20.22
Target values for the price of one Credo Technology Group Holding share for Oct 2024.
In Oct, the Positive dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 8.938% volatility is expected.
Pessimistic target level: 18.83
Optimistic target level: 20.67
Target values for the price of one Credo Technology Group Holding share for Nov 2024.
In Nov, the Negative dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 8.491% volatility is expected.
Pessimistic target level: 18.80
Optimistic target level: 20.55
Target values for the price of one Credo Technology Group Holding share for Dec 2024.
In Dec, the Negative dynamics for Credo Technology Group Holding Ltd shares will prevail with possible monthly volatility of 3.683% volatility is expected.
Pessimistic target level: 18.50
Optimistic target level: 19.21
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All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.